Trump will dissolve charity, New York attorney general says
President Trump has agreed to shut down his embattled charitable foundation and distribute the remaining money to “reputable” groups, New York’s attorney general announced Tuesday.
State Attorney General Barbara Underwood secured a stipulation dissolving the Trump Foundation under judicial supervision, her office said. It was a primary goal of a lawsuit filed by her office in June.
The lawsuit against Mr. Trump and his children will continue for actions related to the charity’s operation.
Ms. Underwood’s office said the Trump Foundation “has signed a stipulation agreeing to dissolve under judicial supervision, with review and approval by the attorney general of proposed recipient charities of the Foundation’s remaining assets.”
The attorney general said Tuesday that her investigation found “a shocking pattern of illegality involving the Trump Foundation including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.”
Her lawsuit alleged “persistently illegal conduct” at the charity. Ms. Underwood is still seeking nearly $3 million in restitution and a court order that would ban the Trumps temporarily from serving on the boards of other nonprofits in the state.